Japanese PM Suga is stepping down. His party chooses a new leader today.
Lead contenders are:
- former party policy chief Fumio Kishida
- head of Japan’s vaccination drive Taro Kono
Also in the running:
- former Internal Affairs and Communications Minister Sanae Takaichi
- the LDP’s executive acting secretary-general Seiko Noda
The LDP vote is today, Wednesday 29 September 2021.
- Results are expected around 2.20pm Tokyo time (0520 GMT)
- The winner will hold a press conference in the evening (Japan time)
- The formality of electing the new leader as PM will happen on October 4, a new cabinet will be selected that day also.
Neither of the lead contenders are likely to make changes at the Bank of Japan in the short term, and both have indicated loose fiscal purse strings.
This article was originally published by Forexlive.com. Read the original article here.